Regional Merchandise Trends of Export and Import Trade Policy Cooperation and Architecture in Economy of the Middle East

Abstract

The global economic and trade and diligence blow has affected Middle East mainly through the trade channel. As the world economy has undergone through different changes so as the countries of Middle East (ME).

After following growth regarding policies for a long period individual countries in the region, have adopted various reform measures to encourage patterns of export and import. Production networks have been integrating Middle East, and this assimilation process is being hastened by the express development of regional and bilateral trade and economic agreements since the late 1990s.

This paper examines various aspects of trends of export and import in major Middle East countries namely Kurdistan, Iraq, Iran, and Turkey. Basic patterns in export and import in these Countries are analyzed using recent data. The researcher utilized  the World Trade Report and also group indiscriminate effect.  Evaluation is carried out using a data set ranging from 1991 to 2014 to measure the impact of economic reforms on Middle East countries specifically Kurdistan, Iraq, Iran, and Turkey. The observed results of this study recommend positive and significant association between trends in export and import and trade improvement for the nations.

This study proceeds that most of the countries in Middle East need to expand their export markets to reap the greatest benefit from a collection of reform initiatives. Challenge take account of the pressures of protectionism in an economic murkiness. The problem of whether there is an expected political exposure, the maintenance of more than a small number of  overlapping free trade agreements with the very complicated and expensive expansion opportunity in the central point of the region’s economy.

Keywords: Trends of export and import, Balance of trade-economic, Middle East, and panel random effect model